Battered by gasoline and diesel fuel prices in recent years, many consumers, businesses and industries are intrigued by natural gas vehicles (NGVs), the most prevalent on-road alternative fuel vehicles in the world. In the last five years, record numbers of NGVs have been added to the road worldwide, either the conversion of existing diesel and gasoline vehicles or purchases of factory model NGVs. Natural gas vehicles present consumers and fleet owners with significant vehicle lifetime fuel savings, lower emissions and cleaner burning vehicle operation.



Recent margins between the pump prices for petroleum fuels and compressed (CNG) or liquefied natural gas (LNG) have never been better in many countries, including the United States. While influenced by diverse factors, fuel markets in Asia, Europe and the Americas all feature a relative discount for natural gas compared to petroleum fuels. Gasoline and diesel prices globally are being increasingly strained by transportation demand in the developing world. The future global NGV market is even more auspicious given the potential of shale gas and other unconventional natural gas deposits to boost regional natural gas production around the world.



As a fuel both dynamic in its sourcing (new deposits, reserves, and renewable production), natural gas requires technological keys to unlock the potential of its greater supply through applications in transportation. NGV components represent a multi-billion dollar global industry as the tools of petroleum fuel displacement with cleaner, cheaper natural gas. Backed by recent, unprecedented growth in NGV populations worldwide, NGV components outfitted onto factory models or aftermarket converted vehicles represent a leading supply chain market in the alternative vehicle field.



Providing a product- and technology-oriented analysis of the global NGV market, Global Markets for Natural Gas Vehicle Components presents 2008-2022 market data for the core components of NGVs:

  • NGV fuel storage cylinders and tanks (market value and units sold; type I metal cylinders vs. composites cylinders; light duty [LD] vehicle cylinders vs. medium and heavy duty [MD/HD] cylinders)

  • NGV fuel delivery systems and conversion kits (market value and units sold)

  • Dedicated natural gas vehicle engines (market value and units sold) Global NGV components markets are also broken out by geographic region:

  • Asia-Pacific

  • Middle East & Africa

  • Russia and the Commonwealth of Independent States (CIS)

  • Europe

  • North America

  • Latin America


Some country markets such as China, the United States, India, Brazil and Russia are also identified in terms of NGV component market value through 2022. Historical and projected contextual NGV populations are also provided through 2022 for the following vehicle segments:

  • Light duty NGVs including passenger cars, pick-up trucks, and governmental and commercial sector vehicle fleets

  • Medium duty / heavy duty natural gas buses including transit buses, school buses, larger vans, and coaches

  • Medium duty / heavy duty natural gas trucks including utility service vehicles, semi-trailer tractors (semis), delivery trucks, and other on-road commercial and industrial vehicles used for the transportation of freight and payloads


This market report concisely examines leading external factors and trends indicative of recent growth in the demand for NGV components and that inform the report’s ten-year market projections. Trends in global transportation fuel pricing and supply, as well as other fuel market features, are reviewed through granular perspectives on individual country markets.



Report Methodology



The data, assessments and analysis provided in Global Markets for Natural Gas Vehicle Components is based on primary and secondary research. Primary research included interviews with experts in the field of natural gas vehicles and a leading supplier of vehicle natural gas engines. Secondary research included the comprehensive review and consolidation of governmental data resources, industry association estimates on NGV population and natural gas transportation fuel consumption, technical studies, and NGV component manufacturer and supplier financial data.



The report features reliable and comprehensive figures regarding NGV populations worldwide, collected from a multitude of sources and tediously reviewed to eliminate inconsistencies and false industry readings. Component cost and pricing data were similarly collected from a variety of sources and applied to the number of NGVs annually made available through conversion or factory production. Market projections were informed through expert energy forecasts, fuel market trends, and anticipated developments in natural gas refueling infrastructure, vehicle market penetration, and vehicle OEM participation in the NGV market.



What You’ll Get in This Report



Global Markets for Natural Gas Vehicle Components contains exclusive insights and projections regarding the current state and future of global NGV populations and the revenue opportunities available in the production and sales of NGV-specific components. Readers will benefit from extensive data, comprehensive market coverage and unique analysis, presented in easy-to-read and illustrative charts, tables and graphs accompanied by fluid and concise commentary and conclusions.

Table Of Contents

Chapter 1: Executive Summary

Report Scope and Methodology

Natural Gas as a Transportation Fuel

Natural Gas Vehicle (NGV) Components Markets

Fuel Storage Cylinders and Tanks

Figure 1-1: NGV Fuel Storage Cylinders and Tanks Market ($ millions)(2008-2022)

NGV Fuel Delivery Systems

Figure 1-2: NGV Fuel Delivery Systems Market ($ millions) (2008-2022)

Dedicated Natural Gas Engines

Figure 1-3: Dedicated Natural Gas Engines Market* ($ millions)(2008-2022)



NGV Population Growth

Light Duty NGVs

Figure 1-4: Total Light Duty (LD) Natural Gas Vehicles by Region -North America, Europe, Russia andamp; Commonwealth of Independent

States (CIS), Middle East andamp; Africa, Latin America, Asia-Pacific (in millions) (2008-2022)

Medium and Heavy Duty Buses

Figure 1-5: Natural Gas Buses (MD/HD) by Region - North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (in thousands) (2008-2022)

Medium and Heavy Duty Trucks

Figure 1-6: Natural Gas Trucks (MD/HD) by Region - North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (in thousands) (2008-2022)



NGV Components Market Drivers and Major Developments

Advantages and Disadvantages of Natural Gas as a Transportation Fuel

Natural Gas Fuel Prices and Supply in NGV Markets Worldwide

Natural Gas Fuel Refueling Stations and Infrastructure

Table 1-1: Major U.S. Natural Gas Transportation Fuel Station Retailers (# of Stations Built / Planned)

Regulations and Incentives



Conclusions

Figure 1-7: NGV Components Market ($ millions) (2008-2022)



Chapter 2: Natural Gas Vehicles

Report Scope and Methodology

Natural Gas as a Transportation Fuel

Benefits and Advantages of Natural Gas as a Transportation Fuel

Figure 2-1: U.S. Average CNG, Gasoline and Diesel Retail Prices ($/GGE) (2000-2012)

Table 2-1: Worldwide Average CNG, Gasoline and Diesel Retail Prices ($/GGE) (2010-2011)

Challenges and Disadvantages of Natural Gas as a Transportation Fuel



Natural Gas Vehicles and Components

Fuel Storage Cylinders and Tanks

NGV Fuel Delivery Systems

Dedicated Natural Gas Engines

Bi-Fuel and Dual Fuel NGV Systems

Factory/OEM and Aftermarket Converted Vehicles



Vehicle Markets

Light Duty NGVs

Medium and Heavy Duty Buses

Medium and Heavy Duty Trucks



Prior Industry and Market Development (1998-2007)

Figure 2-2: Total Natural Gas Vehicles by Region - North America, Europe, Russia andamp; Commonwealth of Independent States (CIS), Middle East andamp; Africa, Latin America, Asia-Pacific (in millions) (1998-2007)



Conclusion

Chapter 3: Market Size and Growth

Introduction

Scope, Methodology and Sources

Global and Regional NGV Populations

Figure 3-1: Total Natural Gas Vehicles by Region - North America, Europe, Russia andamp; Commonwealth of Independent States (CIS), Middle East andamp; Africa, Latin America, Asia-Pacific (in millions) (2008-2022)

Figure 3-2: Total Natural Gas Vehicles by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (%) (2008-2022)

Table 3-1: Total Natural Gas Vehicles by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (%) (2008-2022)

Table 3-2: Total Natural Gas Vehicles by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (in millions) (2008-2022)

Light Duty (LD) NGV Populations

Figure 3-3 Light Duty NGVs by Region - North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (%) (2008-2022)

Table 3-3: Light Duty NGVs by Region - North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (%) (2008-2022)

Figure 3-4: Global Market Share of OEM and Aftermarket Converted LD NGVs (% of vehicles) (2012/2022)

Table 3-4: Light Duty NGVs by Region - North America, Europe, Russia andamp; Commonwealth of Independent States (CIS), Middle East andamp; Africa, Latin America, Asia-Pacific (in millions) (2008-2022)

MD/HD Natural Gas Bus Population

Figure 3-5: Natural Gas Buses (MD/HD) by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (in thousands) (2008-2022)

Table 3-5: Natural Gas Buses (MD/HD) by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (2008-2022)

MD/HD Natural Gas Truck Population

Figure 3-6: Natural Gas Trucks (MD/HD) by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (in thousands) (2008-2022)

Figure 3-7: Natural Gas Trucks by Region - North America, Europe,Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific(%) (2008-2022)

Table 3-6: Natural Gas Trucks by Region - North America, Europe,Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific(%) (2008-2022)

Table 3-7: Natural Gas Trucks (MD/HD) by Region - North America,Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America,Asia-Pacific (2008-2022)



NGV Vehicle Systems and Components Market

Storage Cylinders

Table 3-8: MD/HD NGV (Bus andamp; Truck) and LD NGV Shares of the

Global NGV Cylinders Market (2008-2022)

Figure 3-8: NGV Fuel Storage Cylinders and Tanks Market ($ millions)

(2008-2022)

Figure 3-9: NGV Fuel Storage Cylinders and Tanks Market Share by Region - North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (% of sales) (2008-2022)

Table 3-9: Natural Gas Trucks by Region - North America, Europe,Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (%) (2008-2022)

Figure 3-10 Global NGV Cylinders Market Share of Composite cylinders (Type II-IV) (% of market value) (2012/2022)

Table 3-10: Country Markets for NGV Fuel Storage Cylinders and Tanks at a Glance - United States, Brazil, Russia, India, China ($ millions) (2008/2012/2017/2022)

Table 3-11: NGV Fuel Storage Cylinders and Tanks Market ($ millions)(2008-2022)

Fuel Delivery Systems

Figure 3-11: NGV Fuel Delivery Systems Market ($ millions)(2008-2022)

Figure 3-12: NGV Fuel Delivery Systems Market Share by Region -North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (% of sales) (2008-2022)

Table 3-12: NGV Fuel Delivery Systems Market Share by Region -North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (% of sales) (2008-2022)

Table 3-13: Country Markets for NGV Fuel Delivery Systems at a Glance - United States, Brazil, Russia, India, China ($ millions)(2008/2012/2017/2022)

Table 3-14:NGV Fuel Delivery Systems Market (units) (2008-2022)

Table 3-15: NGV Fuel Delivery Systems Market ($ millions) (2008-2022)

Dedicated Natural Gas Engines

Figure 3-13: Dedicated Natural Gas Engines Market* ($ millions)(2008-2022)

Figure 3-13: Dedicated Natural Gas Engines Market Share by Region -North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (% of sales) (2008-2022)

Table 3-16: Dedicated Natural Gas Engines Market Share by Region -North America, Europe, Russia andamp; CIS, Middle East andamp; Africa, Latin America, Asia-Pacific (% of sales) (2008-2022)

Table 3-17: Dedicated Natural Gas Engines Market (units) (2008-2022)

Table 3-18: Country Markets for Dedicated NG Engines at a Glance -United States, Russia, India, China, Thailand ($ millions)(2008/2012/2017/2022)

Table 3-19: Dedicated Natural Gas Engines Market ($ millions)(2008-2022)



Conclusions

Figure 3-15: NGV Components Market ($ millions) (2008-2022)

Table 3-20: NGV Components Market ($ millions) (2008-2022)



Chapter 4: Recent Market Developments and

Major Drivers

Introduction

Natural Gas Fuel Prices and Supply in NGV Markets Worldwide

United States

Figure 4-1: U.S. Average CNG, Gasoline and Diesel Retail Prices($/GGE) (2000-2012)

Figure 4-2: U.S. Natural Gas Production, Consumption and Commercial

Fuel Price (Tcf and $U.S./Mcf) (2000-June 2012)

Table 4-1: U.S. EIA Annual Energy Outlook 2012 Scenarios to2022 (Reference, High Oil, CAFE, HD NGV Reference, HD NGV Potential) - Dry Gas Production and End User Consumption; CNG Transportation Fuel, Gasoline and Diesel Fuel Prices

Europe

Table 4-2: Worldwide Average CNG, Gasoline and Diesel Retail Prices ($/GGE) (2010-2011)

Figure 4-3: European Natural Gas Production and Consumption (Tcf)(2000-2011)

Russia

Figure 4-4: Russian Natural Gas Production and Consumption (Tcf)(2000-2011)

Figure 4-5: Russian Natural Gas, Gasoline and Diesel Fuel Purchase Price Indices for Industrial Customers (2000 = 100%) (2000-2010)

China

Figure 4-6: China Natural Gas and Crude Oil Production and Consumption (Tcf and Million Barrels per Day [MMb/d]) (2000-2011)

Figure 4-7: China Gasoline and Diesel Maximum Prices and Average Selling Prices for Natural Gas (RMB per gallon and thousand cubic feet) (2003-H1 2012)

India

Figure 4-8: Indian CNG, Gasoline and Diesel Fuel Price Indices (January 2006 = 100%) (January 2006-July 2012)

Table 4-3: Indian CNG, Gasoline and Diesel Fuel Prices (Rupees/GGE) (January 2006-July 2012)

Figure 4-9: India Natural Gas Production and Consumption (Bcf)(2000-2011)

Pakistan

Figure 4-10: Pakistan Natural Gas Production and Consumption(Bcf) (2000-2011e)

Iran

Figure 4-11: Iran Natural Gas Production and Consumption (Bcf)(2000-2010)

Brazil

Figure 4-12: Brazil Fuel Prices - Liquefied Petroleum Gas (LPG),CNG, Gasoline, Diesel and Ethanol (Brazilian Reals [R$]/GGE)(May 2004-September 2012)

Argentina

Figure 4-13: Argentine Fuel Prices -CNG, Diesel Fuel, Octane Gasoline Grades (Argentine Pesos ($A/GGE) (January 2002- December 2009)

Figure 4-14: CNG - Common Gasoline Retail - CNG Price Margin and CNG Consumption in Argentina (Argentine Pesos [$A]/GGE and Billion Cubic Feet [Bcf]) (2002-2011)



“Chicken and the Egg” - The Relationship Between NGV

Populations and Refueling Stations

Local Stations

Table 4-3: Major U.S. Natural Gas Transportation Fuel Station Retailers (# of Stations Built / Planned)

Station Networks

Regulation and Incentives

U.S. Federal and State Legislation

NGV Subsidies in International Markets

Emissions Standards



Conclusions

Chapter 5: Competitive Profiles

Introduction



Bosch


Table 5-1: Robert Bosch GmbH Profile


Corporate Background

Product and Brand Portfolio

Table 5-2: Bosch NGV Components Product Portfolio (2012)

Company News

Expansion



BTIC

Table 5-3: Beijing Tianhai Industry Co., Ltd. (BTIC) Profile Corporate Background

Product and Brand Portfolio

Company News

Expansion



Everest Kanto


Table 5-4: Everest Kanto Cylinder Ltd. Profile


Corporate Background

Product and Brand Portfolio

Performance

Figure 5-1: Everest Kanto Cylinder Ltd. Revenue ($ millions)(2008-2012)

Figure 5-2: Everest Kanto Revenue by Operational Area - India,United Arab Emirates, China, United States/Hungary, Thailand(%) (2008-2012)

Figure 5-3: Everest Kanto Revenue by Business Segment -CNG, Industrial, Jumbo (%) (2008-2012)



Company News

Expansion

Acquisitions and Divestitures

Outlook

Personnel Changes





Faber Industrie

Table 5-5: Faber Industrie S.p.A. Profile Corporate Background

Product and Brand Portfolio

Company News

Expansion



Fuel Systems Solutions

Table 5-6: Fuel Systems Solutions, Inc. Profile Corporate Background

Product and Brand Portfolio

Table 5-7: Fuel Systems Solutions Automotive and Engine OEM Customers (2012)



Performance

Figure 5-4: Fuel Systems Solutions, Inc. Revenue by Segment ($ millions) (2008-2012)

Figure 5-5: Fuel Systems Solutions, Inc. Revenue by Region - North America, Italy, Rest of Europe, Asia-Pacific, Latin America ($ millions) (2008-2011)



Company News

Expansion

Acquisitions and Divestitures

Outlook

Personnel Changes





Hexagon Composites


Table 5-8: Westport Innovations ASA Profile


Corporate Background

Product and Brand Portfolio

Table 5-9: Hexagon Composites NGV Components Product Portfolio (2012)



Performance

Figure 5-6: Hexagon Composites Revenue (NOK millions) (2008-2012)

Figure 5-7: Hexagon Composites Revenue by Segment - Composite Containers, High-Pressure Containers, Composite Reinforcements (%) (2008-H1 2012)



Company News

Expansion

Acquisitions and Divestitures

Outlook

Personnel Changes





Landi Renzo


Table 5-10: Landi Renzo S.p.A. Profile


Corporate Background

Product and Brand Portfolio

Performance

Figure 5-8: Landi Renzo S.p.A. Revenue by Segment ($ millions)

(2008-2012)

Figure 5-9: Landi Renzo S.p.A. Revenue by Region - Italy, Rest of Europe (ROE), Southwest Asia (Iran - Turkey - Pakistan),Americas, Rest of the World (ROW) (%) (2008-H1 2012)



Company News

Expansion

Acquisitions and Divestitures

Outlook





Westport Innovations


Table 5-11: Westport Innovations, Inc. Profile


Corporate Background

Table 5-12: Westport Innovations and Cummins Westport Supply Partnerships and Joint Ventures (2012)



Product and Brand Portfolio

Table 5-13: Westport Innovations, Inc. NGV Components Product Portfolio (2012)

Figure 5-10 Natural Gas Engine Technology Patents -Westport vs. Industry (August 2012)



Performance

Figure 5-11: Westport Innovations, Inc. Revenue by Segment ($ millions and Units Shipped) (2008-2012)

Figure 5-12: Westport Product Revenue by Region - Americas, Asia, Rest of the World (ROW) (%) (2008-H1 2012)

Figure 5-13: Weichai Westport Revenue ($ millions and Units Shipped)(2008-H1 2012)



Company News

Expansion

Acquisitions and Divestitures

Outlook

Personnel Changes





Worthington Cylinders


Table 5-14: Worthington Cylinders Profile


Corporate Background

Product and Brand Portfolio

Performance

Figure 5-14: Worthington Cylinders Revenue ($ millions and Thousands of Units Shipped) (2008-2012)



Company News

Expansion

Acquisitions and Divestitures

Outlook

Personnel Changes





Yuchai


Table 5-15: Yuchai Machinery Company Ltd. Profile


Corporate Background

Product and Brand Portfolio

Table 5-16: Yuchai NGV Components Product Portfolio (2012)



Performance

Figure 5-15: Yuchai Revenue (RMB billions and Units Shipped)

(2008-2012)



Company News

Expansion

Outlook

Personnel Changes






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